How do I handle a reassessment when starting a return?
my 2016, 2017, and 2018 returns were all re-assessed. How do i get turbotax to recognize the new numbers next year when i transfer in my 2018 return? I do not want to go back to every year and plug in the new numbers. The numbers that were affected was rental income, total income, taxable income which affected by RRSP limits. Do I just override my RRSP next year?
How do I handle a reassessment when starting a return?
The best thing to do would be to start a new return without importing anything from previous years. Yes, it will take some work, but it will be easier than changing all the 3 other previous years, and will lessen the chance that some old erroneous data will be put in. When you enter your RRSPs next year you will have the option to put in your correct RRSP limits, which you can get from your Notice Of Assessment/Reassessment for 2018.
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